MicroStrategy (MSTR) Resumes Bitcoin Buying Spree

Sunday saw Strategy (MSTR) Co-Founder and Chairman Michael Saylor post an update of his company’s portfolio.

This post usually precedes Strategy’s incoming Bitcoin purchase announcement. Right on cue, the tech firm unveiled another huge purchase of 1,895 BTC between April 28 and May 4 for $180.3 million at $95,167 per BTC.

Once again, Strategy sourced the funds for the transactions from the sales of 2024 Common ATM and STRK ATM shares. The former amounted to 353,825 MSTR shares for $128.5 million, while the latter contributed $51.8 million from 575,392 STRK sales. This leaves the company with $21 billion of MSTR shares and $20.87 billion of STRK shares after the acquisition.

Strategy has already accumulated 555,450 BTC for its treasury, which it bought for $38.08 billion. The numbers translate to an average purchase price of $68,550 per BTC.

Today, with BTC trading around the $95K mark, Strategy’s Bitcoin reserve is now worth around $52.768 billion. This takes the company’s paper gains to roughly $14.69 billion or $26.45K per BTC from its digital assets accumulation. Meanwhile, the development also saw Strategy’s BTC yield rise to 14% YTD.

Bitcoin’s circulating supply is 19.86 million. This means Strategy now holds approximately 2.8% of the float. On the other hand, BTC’s supply cap is 21 million, and the company has already locked 2.65% of it.

Semler Scientific Resumes Bitcoin Buying Spree

Joining Strategy in announcing a new Bitcoin milestone was medical products and services company Semler Scientific. The medical firm also bought 167 BTC last week for $16.2 million.

The medical firm now holds 3,634 BTC. This makes it the fourth biggest Bitcoin treasury company in the US, with a BTC yield of 22.2% YTD.

Semler’s bold move immediately got a nod of approval from Saylor as the latter simply reposted the announcement of its chairman, Eric Semler, on X.

The company’s disclosure to the US Securities and Exchange Commission (SEC) indicated that it sold shares of its common stocks to finance the latest Bitcoin purchase. The method clearly emulates Strategy’s BTC playbook.